Seagate Technology (NASDAQ:STX) Price Target Raised to $500.00 at Rosenblatt Securities

Seagate Technology (NASDAQ:STX) had its price objective boosted by Rosenblatt Securities from $370.00 to $500.00 in a report released on Wednesday morning,Benzinga reports. They currently have a buy rating on the data storage provider’s stock.

Several other equities analysts also recently commented on STX. UBS Group upped their price objective on Seagate Technology from $230.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. The Goldman Sachs Group upped their price target on shares of Seagate Technology from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, January 9th. Loop Capital lifted their price objective on shares of Seagate Technology from $350.00 to $465.00 and gave the company a “buy” rating in a report on Monday, November 10th. Mizuho boosted their price objective on shares of Seagate Technology from $370.00 to $400.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Citigroup raised their target price on shares of Seagate Technology from $320.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Seagate Technology currently has an average rating of “Moderate Buy” and a consensus price target of $392.35.

Seagate Technology Trading Up 19.1%

STX stock opened at $442.93 on Wednesday. The stock has a market cap of $94.59 billion, a PE ratio of 56.86, a P/E/G ratio of 1.08 and a beta of 1.60. Seagate Technology has a 12 month low of $63.19 and a 12 month high of $449.50. The company has a 50-day moving average price of $297.13 and a 200 day moving average price of $235.15.

Seagate Technology (NASDAQ:STX) last announced its quarterly earnings data on Tuesday, January 27th. The data storage provider reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.77 by $0.34. The business had revenue of $2.83 billion during the quarter, compared to the consensus estimate of $2.73 billion. Seagate Technology had a net margin of 19.59% and a negative return on equity of 462.62%. The firm’s quarterly revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the firm earned $2.03 earnings per share. Seagate Technology has set its Q3 2026 guidance at 3.200-3.600 EPS. Sell-side analysts forecast that Seagate Technology will post 6.83 EPS for the current year.

Seagate Technology Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 25th will be issued a dividend of $0.74 per share. The ex-dividend date is Wednesday, March 25th. This represents a $2.96 dividend on an annualized basis and a yield of 0.7%. Seagate Technology’s dividend payout ratio is currently 38.00%.

Insider Buying and Selling at Seagate Technology

In other Seagate Technology news, Director Yolanda Lee Conyers sold 750 shares of Seagate Technology stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of $272.91, for a total value of $204,682.50. Following the transaction, the director owned 5,601 shares in the company, valued at $1,528,568.91. The trade was a 11.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO William D. Mosley sold 20,000 shares of the business’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $285.56, for a total transaction of $5,711,200.00. Following the completion of the transaction, the chief executive officer owned 429,895 shares of the company’s stock, valued at $122,760,816.20. This represents a 4.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 125,479 shares of company stock worth $34,921,586. 0.79% of the stock is currently owned by company insiders.

Institutional Trading of Seagate Technology

Several hedge funds and other institutional investors have recently made changes to their positions in STX. Diversified Enterprises LLC acquired a new position in Seagate Technology during the 4th quarter valued at about $227,000. Turtle Creek Wealth Advisors LLC boosted its holdings in Seagate Technology by 19.0% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 1,257 shares of the data storage provider’s stock worth $346,000 after acquiring an additional 201 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Seagate Technology by 293.8% during the fourth quarter. Teacher Retirement System of Texas now owns 135,737 shares of the data storage provider’s stock worth $37,381,000 after acquiring an additional 101,266 shares during the last quarter. EPG Wealth Management LLC raised its position in shares of Seagate Technology by 8.4% in the 4th quarter. EPG Wealth Management LLC now owns 11,157 shares of the data storage provider’s stock valued at $3,072,000 after purchasing an additional 867 shares during the last quarter. Finally, HB Wealth Management LLC boosted its stake in Seagate Technology by 14.7% in the 4th quarter. HB Wealth Management LLC now owns 5,338 shares of the data storage provider’s stock worth $1,470,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 92.87% of the company’s stock.

More Seagate Technology News

Here are the key news stories impacting Seagate Technology this week:

• Positive Sentiment: Q2 results beat expectations — EPS $3.11 and revenue $2.83B, with record gross and operating margins; management raised Q3 EPS and revenue guidance, underpinning the rally. Seagate Reports Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: Management says demand is surging on AI-related storage needs and the company is effectively “sold out” through 2026, implying strong near-term revenue visibility and pricing power. Seagate Is Sold Out Through 2026, CEO Says
• Positive Sentiment: Multiple analysts bumped price targets and issued upgrades following the results; several shops (Cantor, Rosenblatt, TD Cowen) raised targets to $500, adding upward analyst momentum. Analyst Coverage & Price Target Moves
• Positive Sentiment: Market reaction: STX hit record highs and topped the S&P 500 performance amid the earnings/guidance news and analyst praise. Seagate surge tops S&P 500
• Neutral Sentiment: Seagate declared a $0.74 quarterly dividend (record March 25 / pay April 8) — modest yield that supports income-minded holders but is not a major valuation driver.
• Neutral Sentiment: Some firms raised targets but maintained neutral/equal-weight ratings (Wells Fargo, Barclays, UBS), reflecting a mix of enthusiasm for demand and caution about near-term valuation. Analyst Updates
• Negative Sentiment: Not all price targets moved above the current price — a few post-earnings targets (e.g., GS/UBS at ~385) remain below the market, highlighting divergent analyst views and potential downside if sentiment cools. Analyst Target Notes
• Negative Sentiment: Some coverage notes short-term “cooling off”/profit-taking after the sharp run-up, so momentum-dependent traders face volatility risk even with strong fundamentals. Seagate cools off despite strong Q2

About Seagate Technology

Seagate Technology (NASDAQ: STX) is a global data storage company that designs, manufactures and sells a broad range of storage products and systems. The firm’s product portfolio includes traditional hard disk drives (HDDs), solid-state drives (SSDs), hybrid storage devices and integrated storage systems aimed at enterprise, cloud, OEM and consumer markets. Seagate also provides services that support its hardware offerings, including data recovery and storage management solutions.

Seagate’s products are used in a wide array of applications, from large-scale data centers and cloud infrastructure to desktop and portable consumer devices.